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The Latest Breaking News from FTX

Sen. Sherrod Brown leaves possibility of crypto ban open as momentum builds for stronger regulation

"Crypto doesn’t get a free pass because it’s bright and shiny," said the Senate banking chairman Sunday.

Fortune

The road ahead for cryptocurrencies

Greater government regulation of blockchain technology may bring more structure and stability to the crypto sector | Content partnership

Newsroom.co.nz

Ira Winderman: FTX fiasco has Heat’s Haslem feeling pain of others

This was not an interview Udonis Haslem wanted to be having, making that clear immediately.

Tribune News Service

From analysis to the latest developments in health,
read the most diverse news in one place.

Former FTX CEO Sam Bankman-Fried to reverse decision on contesting extradition

Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said.

ABC News

Sam Bankman-Fried will now reverse his decision to fight extradition to the U.S.: Report

The FTX founder was arrested on Monday in the Bahamas and denied bail, with the judge deeming him a flight risk.

Fortune

Exclusive-Sam Bankman-Fried to reverse decision on contesting extradition

Former FTX Chief Executive Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said on Saturday.

Reuters

Why were the media hypnotised by Sam Bankman-Fried?

Credulous or ignorant interviewers made it easier for the disgraced crypto wunderkind to pull the wool

The Guardian - UK

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'Big Short' Burry Sees Similarity Between Crypto And the 2008 Financial Crisis

The fledgling financial services industry has been trying to be transparent since the overnight implosion of cryptocurrency exchange FTX.

The Street

Huge Blow For Crypto: Binance, Crypto.com Dropped By Their Auditor

The consulting firm Mazars Group has decided to cut ties with all the crypto firms whose accounts it often audits.

The Street

Crypto's ties to sports raise ethical questions

Sports fans who view their favorite players as role models might think twice before taking their financial advice, too

The Independent UK

In balmy Puerto Rico, diehards shrug off the crypto winter: ‘We’re not worried’

Blockchain aficionados have long flocked to the island for its favorable tax laws. But as the industry wobbles, local residents are pushing back

The Guardian - US

Fraud, cons and Ponzi schemes: did Sam Bankman-Fried use Madoff tactics?

The fallen crypto mogul is fighting off accusations he followed a similar playbook to Madoff – and deceived investors in the process

The Guardian - US

The Weekly Wrap for Saturday, 17 December 2022

This man needs little introduction. He's a scoundrel who drank his own bath water. A gambling exemplar of modern techno-capitalism. And if we lived in a just society, Sam Bankman-Fried would be TIME magazine's Person of the Year.

inkl Originals

Cathie Wood’s ARK Invest is bingeing on Bitcoin, Coinbase, and Tesla even as other investors have fled all three this year

She believes that the FTX fiasco will strengthen Coinbase and Bitcoin, and that Tesla is on “automatic pilot” toward huge growth.

Fortune

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The Texas Tribune

More Texans give away campaign donations from Sam Bankman-Fried and other FTX affiliates

Earlier this month, The Texas Tribune reported that Beto O’Rourke had given back a $1 million donation that Bankman-Fried had donated to his campaign.

The Independent UK

Democrats set aside donations from ex-FTX CEO Bankman-Fried

The three primary committees charged with electing Democrats are setting aside more than $1 million in donations from disgraced crypto mogul Samuel Bankman-Fried this election cycle

Tribune News Service

US regulators warn about risks of deeper crypto-Wall Street ties

The top U.S. financial regulators are worried about the prospect of deeper ties between digital-asset firms and Wall Street.

The Independent UK

US trustee, media challenging secrecy in FTX bankruptcy

Attorneys for the U.S. bankruptcy trustee and several major media outlets are challenging an effort by cryptocurrency exchange FTX to withhold names of the company’s customers and creditors from the public

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news in one place.

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Fortune

Is Binance okay? Events this week had the crypto industry on edge

The crypto market jitters about Binance this week were likely overblown—but there are still reasons to be concerned about the health of the world's biggest crypto exchange.

Investors Business Daily

Market Rally Pressured On Fed Rate Outlook; Moderna, Boeing, Tesla In Focus: Weekly Review

The market rally came under pressure on a higher Fed rate outlook. Moderna spiked on a cancer vaccine while Tesla continued to dive.

The Guardian - UK

Binance auditor withdraws from working with crypto company

World’s largest cryptocurrency exchange, which has been hit by $6bn of withdrawals this week, seeks replacement for Mazars

The Guardian - UK

From Musk to Truss, 2022 was the year reckless populists came crashing down to Earth

Revolutionaries who claim to bring down corrupt systems have proved that orthodoxy exists for a reason, says Guardian columnist Gaby Hinsliff

The Street

After FTX, Are Binance's Days Numbered?

FTX rival Binance is at the center of wide bankruptcy speculation.

Fortune

The biggest deals, scandals, bets, and M&A breakups from a truly memorable year

All the notable deal news as told through a year of Term Sheets.

Roll Call

Bankman-Fried made Agriculture panel members focus of campaign support

Sam Bankman-Fried and other FTX employees put House and Senate Agriculture panel members at the focus of campaign spending and donations.

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